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TRITON GROUP ANNOUNCES SECOND QUARTER RESULTS

 SAN DIEGO, Nov. 15 /PRNewswire/ -- Triton Group Ltd. (AMEX: TGL) today reported results of operations for its second quarter ended Sept. 30, 1993, the first reported results of the company since the completion of its reorganization in June of this year. The company reported a quarterly net loss of $334,000, or $.02 per share, compared to a loss of $9.1 million in the prior year. The prior-year's loss reflects results of Triton's predecessor company, Intermark Inc., and includes interest expense of approximately $6.5 relating to approximately $206 million of subordinated debt converted to equity in June 1993 pursuant to the company's Plan of Reorganization. Per share results for the prior year are not presented because they do not reflect the company's capital structure following the reorganization.
 Revenues for the quarter amounted to $33.6 million, compared to $31.4 million in the prior year. The improvement is primarily due to increased revenues at Western Metal Lath reflecting Western's entry into the residential steel framing business.
 Triton also reported the completion of several key transactions since the emergence from Chapter 11 which have improved the company's liquidity including refinancing an operating subsidiary, National Airmotive Corp., the sale of its interest in Western Sizzlin and the sale and liquidation of several miscellaneous assets. These transactions have generated in excess of $9 million of cash for Triton.
 Triton Group Ltd. owns 25 percent of The Actava Group Inc. (NYSE: ACT) and majority interests in four operating subsidiaries with current annual revenues in excess of $150 million.
 -0- 11/15/93
 /CONTACT: Michael M. Earley, senior VP & CFO, or Mark G. Foletta, VP, controller and corporate secretary, of Triton Group, 619-231-1818/
 (TGL ACT)


CO: Triton Group Ltd. ST: California IN: SU: ERN

JL-EH -- SD009 -- 4672 11/15/93 16:52 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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